Global investment firm Carlyle has provided a financing package of £205m to support the acquisition of Lanes Group, one of the UK’s leading providers of water and wastewater services, by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.
With over 4,000 employees, Lanes Group has grown significantly under private ownership since its inception over 30 years ago. The company is widely recognised as a high quality, market leader in the UK wastewater infrastructure sector, combining strong local presence, a commitment to innovation, and exceptional client delivery in its critical support to water utilities and private sector businesses across the UK.
This transaction will support Lanes Group to accelerate its growth plans, including expanding its service offerings, strengthening its long-standing customer relationships and continuing to invest in new technologies.
Carlyle’s Global Credit platform manages $190bn in assets under management, as of 30 June, 2024. It regularly pursues investments in privately negotiated debt and capital solutions, partnering with high-quality sponsors and leading family or entrepreneur-owned companies.
